Contact Information: LaPolla Industries, Inc. Contacts: Douglas J. Kramer CEO Michael T. Adams CGO (281) 219-4700 Public Relations Contacts: Adam Handelsman 5W Public Relations (212) 999-5585 ahandelsman@5wpr.com
LaPolla Introduces SPF Equipment Financing Program
Facilitates Conventional Insulation Installers' Transition to SPF Insulation Installations
| Source: LaPolla Industries, Inc.
HOUSTON, TX--(Marketwire - January 19, 2009) - LaPolla Industries, Inc. (OTCBB : LPAD )
("LaPolla"), a leading manufacturer and supplier of spray foam insulation
and coatings designed to reduce energy consumption in the commercial and
residential new construction and retrofit markets, today announced that it
has entered into an agreement with Landmark Financial Corporation to
provide equipment financing for customers.
LaPolla's spray polyurethane foam (SPF) insulation systems are applied in
residential, commercial and industrial buildings with spray equipment. By
offering an equipment financing option, LaPolla is removing a critical
barrier to entry for the thousands of conventional fiberglass insulation
businesses desiring to retool to take advantage of SPF insulation
opportunities. SPF insulation is one of the fasted growing markets in the
construction industry.
"This is another significant step by LaPolla to develop and make available
programs that facilitate the transition of conventional insulation
businesses to the energy efficient SPF insulation business," stated Douglas
J. Kramer, President and CEO of LaPolla. "The availability of competitive
equipment financing program for our customers further propels LaPolla's
growth prospects for 2009 and beyond," concluded Mr. Kramer.
About LaPolla Industries, Inc.
LaPolla Industries, Inc. is a leading manufacturer and supplier of spray
polyurethane foam for insulation and coatings targeting commercial and
residential applications in the building envelope construction industries.
For more information, visit www.lapolla.com.
About Landmark Financial Corporation
Landmark Financial Corporation offers a full service approach to equipment
financing. As a direct underwriter, Landmark Financial eliminates the
middleman, to save clients money and provide a more seamless experience.
The company offers financing for a wide variety of equipment. For more
information, visit www.lfcinc.com.
Forward-Looking Statements
Statements made in this press release that are not historical facts
constitute "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21 of the Securities Exchange Act of
1934 and the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are necessarily estimates reflecting the best
judgment of senior management and express the Company's opinions about
trends and factors which may impact future operating results. You can
identify these and other forward-looking statements by the use of words
such as "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "intends," "potential," "continue," or
the negative of such terms, or other comparable terminology. Such
statements rely on a number of assumptions concerning future events, many
of which are outside of the Company's control, and involve risks and
uncertainties that could cause actual results to differ materially from
opinions and expectations. Any such forward-looking statements should be
considered in context with the various disclosures made by the Company
about its businesses including, without limitation, the risk factors
described below. All information in this release is as of the date hereof.
The Company undertakes no duty to update any forward-looking statement to
conform the statement to actual results or changes in the Company's
expectations. For further information regarding risks, uncertainties, and
other factors associated with LaPolla's business, please refer to LaPolla's
SEC filings, including, but not limited to, its annual report on Form 10-K
and quarterly reports on Form 10-Q, which are available at
www.lapollaindustries.com.